Scalping How to Enter - Al Brooks - Price Action Symposium
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- Опубликовано: 14 май 2024
- Scalping How to Enter - Al Brooks
London Price Action Symposium info:
tradertom.com/resource/london...
Al Brooks RUclips channel:
/ brookstradingcourse
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The training and information provided by Tom Hougaard and his appointed representatives are for educational purposes only and designed to contribute to your overall understanding of various types of trading strategies, such as “Scalping”, “Price Action Trading”, “Trend Following”, and “Swing Trading”, but not exclusively to these areas of trading.
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#TraderTom #Scalping #Tomhougaard
Everyone of these gents is a legend. The fact that information like this is shared for free when you consider the amount of 'Guru' BS courses there are out there, is almost unbelievable if I had not seen it for myself. I cannot wait for Tom's book either. Thank you for doing all you do.
Thank you so much 🙏 we do as much as we can do. The book should be out soon.
"If you are profitable and you are happy, what else can you ask for" is my takeaway from this very good presentation!
Thank you Tom and Al for sharing this very important information.
One of the best videos I have watched with so much information.
When I learn for Al I feel like I’m learning from a university professor.
Al is a professor.
Ema used this video sir@@MindsetMojoHacks
Al Brooks, Tom Hougaard, Lennie, Kasper, Q, etc. Thank you very much for this. I can't wait for the Symposium videos to be made available especially for us who want to attend the event but aren't able to. Seriously, once again, THANK YOU!
Thank you T D 🙏
Dear Tom, thank you so much for uploading the video. You cannot imagine how important this short video is to me. Great great great insights Al Brooks. Respect.
Thank you. I'll pass your comment on to Al Brooks.
I don't know what have I done to deserve having these videos and these traders time at my access . thank you so much. God protect you
Thank you sarbast 🙏
Best video on scalping
Thanks for this Tom. Thank you and thanks Al Brooks. This is pure gold. I wish I could come to the seminar, unfortunately, things are kind of complicated here in HK and getting out or in is a challenge... Thanks again for all the content and can't wait to have you back to the channel tomorrow !!
Great it was of value to you 🙏
Thank you for the shearing video. Very helpful knowledge
This event will be legendary. Can't wait to purchase the content afterwards. Tom, Lennie, Kasper, Thank you!
👍
Thank you very much for bringing big guys together.
That is really a great team. I cannot wait to meet them all.
Al Brooks has an excellent way of teaching and all of his work is so precise and valuable. Thanks for sharing Tom.
100% agree 👍
Tnx allot your work is priceless
Thnk you for sharing 🙏🙏
I want to say thank you to you Mr. Tom and Dr. Al for sharing this pure gold video.
Love and respect from Iran.
Thank you from Denmark 🙏
thats amazing .it has mannnny notics
It was the best scalping video i have ever watched. Learned a lot of things. Thanks a lot for this great opportunity.
Al Brooks is SO good. But hope you will also find value in some of Tom's videos.
Very good n informative video .thanks
Thank you Tom❤
Thank you people 💯
Thanks Tom - booked and looking forward to it!
Great hope to meet you in London.
Sounds amazing! I know you are having a blast Tom
The odds are good for an amazing extended weekend 👍
Super Nice video!!!!
Dream team of teachers mainly my man Al Brooks !
Thank you we think it is a good lineup. I remember under covid quarantine I call with Tom here we talked about the lineup. This was the dream team. It is so great that they all wanted to be a part of this event.
We have very different trader types and Steve Ward is fantastic at trading Psychology. Way too many traders do not give this the needed attention.
thank you
You are amazing mentor, happy to have you in my life, you are changing my life
That is great to hear Mustafa 👍
awesome...thanks again Tom
Thank you 🙏
yeeah finally another vid👍 was waiting for more
And then you get a few videos within a few days.
Great lecture! Thank You so much. I will not be able to attend but would be happy to purchase recording of the Symposium in future.
Thank you 🙏
I think I can look at this chart (26:49) and traded it differently but Al Brooks style as well. Because this type of scalping doesn't suit my personality. I would like some day to be able to trade like that. He says to look for patterns inside Trading Ranges. I see a bull channel/wedge being broken and then a retest of the trendline (lower) and maybe open a short there with the target being the area of the low of the day. In TR and I think with all price action, normally the price doesn't hit perfectly the price that we want. Its a level. I like to draw rectangles and I know when the price reaches those zones its time to close the trade. I think I would add to the position when the small consolidation area definitely broke down. I still have a lot to learn.
Thanks, that's a fantastic video!
🙏
I am complicated... Adding losing positions because hoping it will turn back or exiting fast as much as we can? I cant get it Tom.
Thanks for this good share
Thanks Tom, very good of you to put this on. Thanks for sharing your knowledge and trading style. Its a bit like watching a top sports star play. And. like them you are not frightened to show your skills and go about your job in front of a live audience win or lose just like they do. I could not afford to pay you but, if you are considering sponsorship with a broking firm to cover your production costs I think you should do that. It is no different to a shirt sponsor of a football team. They all have them but it does not mean that every supporter will go out and buy the advertised product. They can make up their own minds in that regard. They may or may not be better or worse than any traders particular broker at any point in time. A trial on a demo account will soon show how their spreads perform. If they are no good they will soon get the message. If they are good everybody wins. I would not specifically recommend them as a live broker just advise a trial of their demo.
Thanks again for all your input. I find it very instructive to watch you trade on your channel. As the saying goes there is always someone willing to take the opposite trade. My win loss is about 30%, yours recently was 70% so I am able to see what the opposite of my trading style is. I have often said to myself if you did the opposite of what do you would be very wealthy but this concept was a little bit to indefinite to put into practise. But, having watched you trade I now have more knowledge of the means of doing that and it has helped me immensely. I really have to work on reprogramming my mind especially when I find myself reverting back to my old ways. Its a bit like reprogramming the golf swing. An excellent channel by biomechanics expert Dr Kwon who teaches a body swing pattern using ground forces and a kettle bell and rope training aids at Texas University. His approach is opposed to the traditional position golf approach so it really is a reprogramming exercise. As I know you like golf. See:
ruclips.net/video/JvCw-RNyn_k/видео.html
I have no connection with this channel. I like to do his drills while I am waiting for a potential trade! It helps stop trading when the ATR is too low.
Best wishes
Steve Johnstone
Thank you for a good comment. WE try to do this free ... NO youtube ads, no paid-for indicators, or paid-for trading rooms. No t-shirt selling ... I personally think we are wrong here I would personally love to have a t-shirt with the shark quote.
Nothing wrong with merchandising; probably preferable to the implications of sponsorship. I like the shark remark also. Some of the honest comments that he makes in the heat of the moment might also be worth framing in this way. Stacey Burke merchandises and has YT ads. I don't find them annoying on his RUclips channel, they are not overly regular. Maybe there is a way to stop them occurring during live trades. SB seems like a fairly honest and earnest and helpful sort of a guy and the commercial aspect does not detract from the nature of the information that he provides.
Thanks!Great help.
Good to hear 👍
Dear Tom & Lennie, thanks for all your hard work.
I have a request that if you can document this event that will take place in London.
many of your followers will not be able to attend this event despite their wishes for some reason or other,
however many will gladly pay, for a livestream or a documented webinar series and not feel left out.
this is just a suggestion, you've already given all of us more than enough.
from the bottom of my heart thanks and may god bless you all.
Hello, miss seeing you on the live streams. Tom has said the plan is to get it recorded. I'm not involved in this process but I am sure a good camera team filming 3 days 8 hours per day in the weekend doesn't come cheap. If you are in the Telegram Group I am sure you will get updates on this topic.
Thanks a lot, very informative video for me as a beginner.
You are welcome 👍
Youre a great guy tom! Nice to follow you !!!
🙏
What a great event and combination.
A weekend well spent I think 😉
Amazing material 👏👏👏
🙏
Ur videos totally changed my View on trading...I have been consistent... Thanks Tom
....U have made a tremendous impact to me....
That is so GREAT to hear 👍
Are you using Al Brook's price action concepts in your trading?
Nope I Just .. Fade the short term trend against the long term trend...especially d psycology aspects.....Of his Tom's Videos...are the true Gems
@@bobconnor2950 Tom and Kasper are using a LOT of Al Brooks concepts. Personally, I use something else lol Tom calls my chart Picasso charts 😉 with some Price Action to trigger entries.
@@MindsetMojoHacks That's interesting, do you post your charts anywhere?
Best scalping video ever
Thank you 🙏
@@MindsetMojoHacks He is NOT talking about you 😭
wow great stuff!!
Thank you 🙏
Thank you Tom
🙏
Hallo im AL BROOKS: super good.
Thank you Tom! Can’t wait for you to be back
Hopefully soon - I'm not sure I know a fraction of what Tom has been thou the last 6 months. What I know is really crazy.
@@MindsetMojoHacks any thank you too Lennie for helping him out! I’m a big fan of you guys
From Uk
Herick
hey Tom!! thanks for posting the video.. felipe aranha recomended your chanel on his trading chat room, as u know he is the only one in brazil authorized to teaches al brooks methodology, and as i am one of his students, he recomended your chanel right after the symposium!!!
Hello Victor,
Sunday I sat just on the row before Felipe at the Symposium. I hope you will find value in this channel.
Just learned a lesson.. Was trading Bitcoin today, a huge trend and I tried to scalp it, i got out and never got back in. Ouch..... Thanks for your lessons
I expect most traders have tried that 😩
Great video thanks
Thank you 🙏
Tom Hougaard, thank you for your masterpiece best loser wins, it was impactful on my trading performance.
Well, this just confirmed me that I am on the right track with my scalping strategy. I am doing this for few months already scalping with limit orders and scaling in. But I would not recommend it to anybody because it can be quite frustrating at times and the worst mistake is to go in too big too early or not adjusting the entries based on actual volatility. And also surprises may happen like Russia invading Ukraine when you may get easily wrecked by big move after which the price comes back but you were stopped out or even margin called like me this monday. But thank God I made all losses back an even more afterwards sticking to the strategy.
what market are you trading with your strategy?
@@bobconnor2950 I am trading S&P500 for one point and FTSE for 2 points. And I start scaling in with minimal position possible but sometimes I need to add up to 60x the size. But my average stop remains around 12-16 points.
It has pretty bad risk reward but I am able to have really high 95%+ probability.
@@MilanVangel Trading is as such not for everyone. 😉
@@MindsetMojoHacks I know because of that I do not recommend it to anybody but I can at least testify that Al Brooks is right when he says that it is possible to make money any direction in any market conditions if you manage your trades correctly. For example I was scalping short almost all the time during Thursday and Friday and made dozens of percents of profits doing that.
But any swing attempts would have failed.
@@MilanVangel I know and Al Brooks is so GREAT. What I meant was there is a reason why 80-90% of retailers lose money.
Great collab.
Indeed 👍
AWESOME 🍿🍿🍿🔥
🙏
Very good and a and simpel explanation
Al Brooks really kicked a**. At the Symposium in London earlier this year.
❤ love from India
I ain’t that good. What makes this difficult is identifying whether it’s going to be a trading range or start trending early enough to adapt. You often find out it’s a trend or trading range right when it’s about to enter into any different phase. Get good with that and you’re making tons.
Thank you Tom! I am interested in purchasing a video of the trading symposium if they become available. David
I really have FOMO on this topic - I'm not involved in this so I know just a little more than you do. But I'm 100% sure you will be updated in the telegram group.
Absolute GOLD
Thank you 🙏
Hi tom, is it applicable with fx?
Thanks
🙏
does the time frame matter here? what chart is it 5 min. 15 min. 1 Hour? 1 day?
My best investment is the online course al All Brooks; 100 hours of video’s.
Al Brooks is good 👍
sir one question price action is better or strategic sir please answer this one question please sir i request sir please
Great video! Is this on 2 minute candles and 10bar ema on 2 minute candles?
Hello - Al also has this video on his channel. I am sure Richard can help you with this.
What is Toms opinion of tick charts i notice some people use 2000 tick chart when ive been using 1 min 5 min and 15 min for ages
That is a good question. From time to time I have seen Tom use tick charts when he scalps. But 95% of the time he just uses candles.
28:40 er call that cts continuation of structure and the reverse on the bottom bos break of structure?
Al Brooks also posted this video. You might get a better answer if you ask there.
Tom please give us at least one video per week.
Just talked with Tom lol 3-4 times. I'll NOT promise you one per week - we are traders, not RUclipsrs but you can expect far more videos in the future.
@@MindsetMojoHacks Thnaks.
❤❤❤❤love from india
🙏
When are we going to see Tom doing some live trading on his channel again?
Good question which I cannot answer right now.
Were the talks given during this symposium ever recorded?
It was recorded. But I'm afraid it will never be released.
Hey Tom, what are your thoughts on ICT?
No sorry, we cannot comment on all courses out there.
@@MindsetMojoHacks aren’t you using the same types of techniques but he’s got it broken down into sections, are you on the same page?
@@Theoutlaw007 it is years ago I watched some of ICT's stuff so I really can't tell.
Hey Tom... When bald people wash their face,,,How far up do they go ? .... BTW great vid !
👀
I wanna trust Al Brooks
Al Brooks rocks
Hi Tom, if you could only trade one setup what would it be
That is a very hard question to answer. Tom has traded so many years have had several great mentors and read a ton of trading books. It is hard to point 1.
In the Copenhagen talk, he mentions 2 strategies. Harmonic moves work great on higher time frames. Or "fishing technics" which more or less is selling double tops or buying double bottoms with a twist.
ruclips.net/video/yKL7BWihf9o/видео.html
Hi Bryan, if you follow Al Brooks the answer would be Major Trend Reversals. Followed by Pullbacks, Trading Range Reversals, and Breakouts. Al's 4 "Best Trades".
@@NeuromagicHK Thank you
@@MindsetMojoHacks Thank you
28:40 how does he know bears aren't making profits? Does he mean the trades are bad r/r so even if they are scalping out the traders equation is bad? At the lines he's marked, sometimes the bars don't come back to test so the bears clearly lost, but other times they went dipped lower so maybe they took some profit? Maybe I'm overthinking it
Hello, Al Brooks also have this video on his channel. The last one uploaded I think. I think you would get a better answer if you ask on Al Brooks channel. To be honest I forgot to ask him in London.
Btw if you are in Tom's telegram group. You can see I don't know 30-60 min of Al Brooks presentation.
@@MindsetMojoHacks I was studying just now and found this video answering my question ruclips.net/video/_wQ5CRIQ6mc/видео.html
Around 34:30
@@KoolAidSA That you for sharing 🙏. YT blocked your post because of the link. But it is perfectly fine to share that link 👍
What MA was used ,21,50,100
I think it is 21
@@MindsetMojoHacks
Thanks
problem is, how do you know if it's a trend...AT THE BEGINNING OF THE DAY.
Tom mentioned today in the stream that the plan is to make a video/webinar on this topic in October. Spoiler he looks for 5 different things.
Bars TF 5 min?
I think so.
Whyyyyy but whyyy on those dates? 😨😨😨 I would soooo have loved to participate but can I skip attending my sisters´ wedding because of that????
lol - I had the same issue a few years back. I think family and friends are so much more important than trading.
@@MindsetMojoHacks Yeah, you´re absolutely right. I´ve heard it will also be possible to purchase a video of the event afterwards, if that is the case then I might do that instead. But still would have been nice to attend it live😉
@@sukhmaidickoff in trading we all sit and wait and wait and wait .... and ;-) so it is always nice to have some good trading buddies.... this event can help you build up some fine relationships.
copy/pasted from another comment:
Tom has said the plan is to get it recorded. I'm not involved in this process but I am sure a good camera team filming 3 days 8 hours per day in the weekend doesn't come cheap. If you are in the Telegram Group I am sure you will get updates on this topic.
Which ema, 200?
I think Al Brooks use 20
Please urdu caption add
I really doubt swing trading is easier than scalping to be honest, the main reason is in swing trading most of traders will get their analysis lined up with their limit orders, 9 out of 10 they will get triggered and the trade will go sour and from a psychology point of view it is way more difficult to take a loss /stop loss in swing trading as you have waiting for so long to enter the trade and there is no way on earth that trade will be a loss........................................days in days out , I have seen it
9 of 10 where do you have that statistic from - or is it your own results?
@@MindsetMojoHacks 90% of retail traders lose money and probably 95% lose or breakeven............
@@MindsetMojoHacks and it does not matter the way they trade it is 90% psychology and most of people will never resolve the psychology aspect of trading
@@MindsetMojoHacks based on statistics from FTMO, you have 84% that fail the challenge , on the 16% that pass and get funded , 50% lose the account less than 3 months after being funded, so yes i stand by my numbers and I have been generous
@@elwoodpalmer720 Dude you say that swing traders lose 9-10 and scalp trading is all good - You are just wrong. I BET even more people lose on scalps just more often and in smaller amounts. I'll in NO WAY SHAPE or FORM share my data with you. But I think you got it all wrong. 80-90% lose agree but both on swing and day trading/scalp.
I just think you are on another planet - can you go to another channel and waste their time, please.
If scalping, it makes no sense to buy high sell low
It depends on the chart doesn't it?
@@MindsetMojoHacks ok, but depending on what ? The video does not show a single scalping exemple of "buy low sell high"
😢
Al brooks great way to waste a few months of your life pretending you understand something
👀 wow think you missed something.
Hi, Dear Brother Tom, I am Muhammad from Pakistan. Your videos and Books are so valuable for us to evaluate our self and to think our Human Problems during Trading. I have been practicing last 3 years to overcome my emotions / Human issues which are making me looser. I deposit few USD, then practice it, but stop out, then deposit, and then same result, then desperate every time, and say to myself, why don't you follow the rules during Trading which I known already. You said true(Practice makes Permanent). I watch your videos, and Read your Books, these are so inspiring and motivating me to understand the nature of Trading and Human problems.
I have few question, would you reply and guide me please, I am also sending my this message to your through Trader Tom website
1- Whether is there any Broker available in World who give us possession of stock when we trade, rather than CFD? Because of according to Islamic Trading Rules, we are not allow to buy or sell something, until it reaches us, in our ownership, and that is not found in CFD.
2. Which Broker is best for us, ECN or Dealing Desk according to A Book and B Book?
I will be so grateful to your kind guidance please. You are cool, kind and Honesty Brother Tom :)
Best Regards
Hello Muhammed...
Thank you for your very nice post.
Question 1 is outside of the scope of the channel. I don't know any if I knew I would share.
Question 2 it sounds like you use MT4 platform. Neither Tom nor I am big fans of this platform - you might want to watch this video about the topic: ruclips.net/video/fnAO6hyVwaQ/видео.html
@@MindsetMojoHacks So very nice of you dear brother for your guidance. My Kind wishes and prayers to Brother Tom.
😇😊🙏
@@muhammadnazeerkhan6024 I know it isn't what you wanted to hear but we need to limit the channel within the scope